CFPB, Federal Agencies, State Agencies, and Attorneys General
Two bills relevant to consumer finance have been passed by the New York Assembly and Senate and are awaiting Governor Cuomo’s signature.
The first bill, S3704, would amend New York’s plain language requirement to extend its application to consumer contracts involving up to $250,000. The requirement currently does not apply to consumer contracts involving more than $100,000. … Continue Reading
The CFPB has issued its 2016 Plain Writing Act Compliance Report. Under the PWA, federal “executive agencies,” including the CFPB, are required to use plain language in documents that: are necessary for obtaining information about a federal government benefit or service or filing taxes; provide information about a federal government benefit or service; or explain to the public how to comply with a requirement that the federal government administers or enforces.… Continue Reading
The CFPB has issued its 2015 Plain Writing Act Compliance Report. Under the PWA, federal “executive agencies,” including the CFPB, are required to use plain language in documents that: are necessary for obtaining information about a federal government benefit or service or filing taxes; provide information about a federal government benefit or service; or explain to the public how to comply with a requirement that the federal government administers or enforces.… Continue Reading
At the end of last week, the CFPB sent an e-mail to its e-mail subscribers indicating that the Bureau has set up a mortgage regulations-specific e-mail list. The CFPB indicated that those who sign up will receive implementation materials the same day they are released. The CFPB stated that anyone interested can sign up for “updates about regulations and compliance” on the CFPB’s regulations page: consumerfinance.gov/Regulations… Continue Reading
The CFPB recently published its first annual Plain Writing Act Compliance Report. The report’s publication fulfills the requirement of the Plain Writing Act of 2010 (PWA) for every federal executive agency to publish by April 13, 2012 and annually thereafter, a report that describes the agency’s compliance with the PWA.… Continue Reading
